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Econintersect: Oil prices declined significantly Thursday (March 10). In New York WTI (West Texas Intermediate) crude declined by 1.6% to $102.70 and the nearest NYMEX futures contract declined even more to $102.47. Brent crude (London) declined less, by 0.6% to $114.76. The premium for Brent increased to $12.06, up from $10.94 yesterday and from $7.65 Tuesday. The premium peaked at $16.50 on March 1.

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